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771 Ikea Ct

13,922 SF 100% Leased Retail Building West Sacramento, CA 95605 $8,939,723 CAD ($642 CAD/SF) 6.50% Cap Rate

Investment Highlights

  • Fully occupied
  • Diverse tenant mix
  • Prime retail location

Executive Summary

Prime Retail Location: Situated in West Sacramento’s Riverpoint Marketplace, a super-regional power center with national and regional anchor tenants including IKEA, Walmart, and Home Depot.
100% Occupied Multi-Tenant Property: Secure investment with long-term leases extending to 2030 for Mattress Firm, 2028 for MOD Pizza, and a newly signed 10-year lease for Daiso.
Strong Demographics: A nearby population of 202,295 with an average household income of $128,157 within a 5-mile radius.
High Visibility and Accessibility: Located less than a mile from the interchange of Interstate 80 and Highway 50, benefiting from excellent signage visibility to over 187,000 vehicles per day.
Diverse Tenant Mix: The center boasts a varied assortment of quick-service restaurants, daily needs, and service tenants.
Recent Housing Growth: Surrounding neighborhoods have experienced significant recent housing developments, enhancing the property’s value.
Attractive Financials: Offered at $6,225,000 with a 6.50% cap rate and an NOI of $404,442.

Property Facts In Escrow

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
13,922 SF
Building Class
B
Year Built
2010
Price
$8,939,723 CAD
Price Per SF
$642 CAD
Cap Rate
6.50%
NOI
$580,819 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.89 AC
Zoning
C-3
Parking
56 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
110 ft on Riverpoint Dr

Amenities

  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Daiso
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

For the past 90 years, Mattress Firm and their family of companies have been delivering better sleep by matching customers with their perfect mattress at the perfect price. What started as a few stores has grown into America’s largest specialty mattress store, with thousands of neighborhood stores nationwide. Each Sleep Expert® begins their career with 80 hours of training. But training can only go so far, and that’s where Mattress Firm is different. They believe the best way to guarantee unparalleled service to customers worldwide is to have happy, inspired employees. They have built a culture where people love to come to work and always wake up on the right side of the bed.

  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

MOD Pizza was founded in Seattle in 2008 by entrepreneurs Scott and Ally Svenson. MOD's individual artisan-style pizzas are made on demand, allowing customers to create their own pizzas and salads, using fresh-pressed dough, signature sauces and over 30 toppings, for one price. MOD is committed to a purpose-led culture and being a force for good in communities across the country, creating not only a cool place to eat, but an inspired place to work. MOD was ranked as America’s fastest-growing chain restaurant by Technomic, earned a spot on the Inc. 500 list as one of the fastest-growing private companies in America and was recognized by Fortune as one of the “20 Best Workplaces in Retail” for its progressive hiring practices and career growth opportunities.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Daiso Retailer 99,999 SF - Lorem Ipsum -
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000

Nearby Major Retailers

Citi
IHOP
Golden 1 Credit Union
Starbucks
Dutch Bros
Five Guys
Grocery Outlet

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
014-793-074-000
Land Assessment
$2,631,695 CAD
Improvements Assessment
$4,605,472 CAD
Total Assessment
$7,237,167 CAD
  • Listing ID: 31944150

  • Date on Market: 2024-05-28

  • Last Updated:

  • Address: 771 Ikea Ct, West Sacramento, CA 95605

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